THE economic consequences of fluctuations in the objective exchange-value of money have such important bearings on the life of the community and of the individual that as soon as the State had abandoned the attempt to exploit for fiscal ends its authority in monetary matters, and as soon as the large-scale development of the modern economic community had enabled the State to exert a decisive influence on the kind of money chosen by the market, it was an obvious step to think of attaining certain socio-political aims by influencing these consequences in a systematic manner. Modern currency policy is something essentially new; it differs fundamentally from earlier State activity in the monetary sphere. Ludwig Von Mises
About This Quote

This quote explains the role of money in modern society and how it affects our lives. The historian Karl Marx was a student of political economy. In his book Capital, Marx details the process of exploitation that derives from the capitalist system, which he viewed as a free-market economy that is driven by the pursuit of profit. In The Economic Consequences of the Peace, Marx describes a global financial system that is a product of capitalism and how this system creates a need to generate profits so as to grow the economy and strengthen the power of capital. For example, he explains how countries have historically manipulated their currencies to create internal demand for exports so as to strengthen their economy and create jobs for workers who might otherwise be unemployed.

Source: The Theory Of Money And Credit

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